24 Main StKilmarnock, VA 22482

Property Details for 24 Main St

Year built

1965

Lot size

0.06 AC

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

23A 23 16

APU

23A2316

Description

This stabilized, owner-occupant opportunity presents a 4,620-square-foot storefront located at 24 N Main St, Kilmarnock, VA 22482. The property, built in 1965, boasts a two-story building on a 0.056-acre lot and is zoned C-1. Currently operating at 100% occupancy, this single-unit retail space offers excellent visibility on Main Street, a key location in the thriving Northern Neck region. Convenient on-street parking is available, supplemented by a nearby parking lot. Kilmarnock's central location provides easy access to shopping, dining, and the area's waterways, beaches, and the Tides Inn, ensuring consistent foot traffic and a strong year-round customer base. The asking price is $495,000, translating to $107.14 per square foot. This property is ideal for both owner-occupants seeking a prime retail location and investors looking for a stable, high-performing asset. The APN is 23A-23-16. P & J Properties Inc. is the current owner.

• CAP approach

  CAP return

  Valuation

  6%

  $757,104

  6.5%

  $698,865

  7%

  $648,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,543

  Geo Method

  $1,026,490

• Alternative Use

  Use

  Valuation

  Residential

  $589,519

  Hospitality

  $539,996

  Educational

  $449,270

  Medical

  $464,721

  Retail

  $698,865

Location Insight

City

Kilmarnock

County

Lancaster

State

Virginia

Latitude

37.7115

Longitude

-76.3803

Property Tax & Assessments

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